CARRIER GLOBAL CORP (CARR) Fundamental Analysis & Valuation

NYSE:CARR • US14448C1045

Current stock price

58.275 USD
-0.02 (-0.04%)
Last:

This CARR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. CARR Profitability Analysis

1.1 Basic Checks

  • CARR had positive earnings in the past year.
  • In the past year CARR had a positive cash flow from operations.
  • CARR had positive earnings in each of the past 5 years.
  • CARR had a positive operating cash flow in each of the past 5 years.
CARR Yearly Net Income VS EBIT VS OCF VS FCFCARR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.99%, CARR is in line with its industry, outperforming 47.62% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 10.75%, CARR is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 5.06%, CARR is doing worse than 69.05% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CARR is significantly below the industry average of 11.89%.
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROIC 5.06%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
CARR Yearly ROA, ROE, ROICCARR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • With a Profit Margin value of 6.82%, CARR perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CARR has declined.
  • CARR's Operating Margin of 10.01% is in line compared to the rest of the industry. CARR outperforms 45.24% of its industry peers.
  • CARR's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 26.05%, CARR is doing worse than 64.29% of the companies in the same industry.
  • CARR's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
CARR Yearly Profit, Operating, Gross MarginsCARR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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3

2. CARR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CARR is destroying value.
  • CARR has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for CARR has been reduced compared to 5 years ago.
  • The debt/assets ratio for CARR has been reduced compared to a year ago.
CARR Yearly Shares OutstandingCARR Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
CARR Yearly Total Debt VS Total AssetsCARR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.53 indicates that CARR is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of CARR (2.53) is worse than 61.90% of its industry peers.
  • CARR has a debt to FCF ratio of 5.65. This is a neutral value as CARR would need 5.65 years to pay back of all of its debts.
  • CARR has a Debt to FCF ratio (5.65) which is comparable to the rest of the industry.
  • CARR has a Debt/Equity ratio of 0.82. This is a neutral value indicating CARR is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.82, CARR is doing worse than 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Altman-Z 2.53
ROIC/WACC0.52
WACC9.71%
CARR Yearly LT Debt VS Equity VS FCFCARR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.3 Liquidity

  • CARR has a Current Ratio of 1.20. This is a normal value and indicates that CARR is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.20, CARR is doing worse than 88.10% of the companies in the same industry.
  • A Quick Ratio of 0.85 indicates that CARR may have some problems paying its short term obligations.
  • CARR has a worse Quick ratio (0.85) than 80.95% of its industry peers.
Industry RankSector Rank
Current Ratio 1.2
Quick Ratio 0.85
CARR Yearly Current Assets VS Current LiabilitesCARR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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4

3. CARR Growth Analysis

3.1 Past

  • The earnings per share for CARR have decreased by -7.86% in the last year.
  • CARR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.22% yearly.
  • CARR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -24.14%.
  • Measured over the past years, CARR shows a small growth in Revenue. The Revenue has been growing by 4.49% on average per year.
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%

3.2 Future

  • Based on estimates for the next years, CARR will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.99% on average per year.
  • Based on estimates for the next years, CARR will show a small growth in Revenue. The Revenue will grow by 6.95% on average per year.
EPS Next Y10.4%
EPS Next 2Y12.13%
EPS Next 3Y13.57%
EPS Next 5Y15.99%
Revenue Next Year0.33%
Revenue Next 2Y2.78%
Revenue Next 3Y3.68%
Revenue Next 5Y6.95%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CARR Yearly Revenue VS EstimatesCARR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
CARR Yearly EPS VS EstimatesCARR Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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2

4. CARR Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.59, the valuation of CARR can be described as rather expensive.
  • Based on the Price/Earnings ratio, CARR is valued a bit more expensive than 61.90% of the companies in the same industry.
  • CARR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 20.46, CARR is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CARR is on the same level as its industry peers.
  • CARR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.59
Fwd PE 20.46
CARR Price Earnings VS Forward Price EarningsCARR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 64.29% of the companies in the same industry are cheaper than CARR, based on the Enterprise Value to EBITDA ratio.
  • CARR's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 23.23
EV/EBITDA 17.1
CARR Per share dataCARR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CARR does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as CARR's earnings are expected to grow with 13.57% in the coming years.
PEG (NY)2.17
PEG (5Y)2.45
EPS Next 2Y12.13%
EPS Next 3Y13.57%

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4

5. CARR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.63%, CARR has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 0.77, CARR pays a better dividend. On top of this CARR pays more dividend than 85.71% of the companies listed in the same industry.
  • CARR's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.63%

5.2 History

  • CARR has been paying a dividend for over 5 years, so it has already some track record.
  • CARR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
CARR Yearly Dividends per shareCARR Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 52.02% of the earnings are spent on dividend by CARR. This is a bit on the high side, but may be sustainable.
DP52.02%
EPS Next 2Y12.13%
EPS Next 3Y13.57%
CARR Yearly Income VS Free CF VS DividendCARR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
CARR Dividend Payout.CARR Dividend Payout, showing the Payout Ratio.CARR Dividend Payout.PayoutRetained Earnings

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CARR Fundamentals: All Metrics, Ratios and Statistics

CARRIER GLOBAL CORP

NYSE:CARR (3/24/2026, 10:26:58 AM)

58.275

-0.02 (-0.04%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners86%
Inst Owner Change-3.91%
Ins Owners6.16%
Ins Owner Change10.19%
Market Cap48.68B
Revenue(TTM)21.75B
Net Income(TTM)1.48B
Analysts78.06
Price Target73.49 (26.11%)
Short Float %2.58%
Short Ratio2.69
Dividend
Industry RankSector Rank
Dividend Yield 1.63%
Yearly Dividend0.9
Dividend Growth(5Y)N/A
DP52.02%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-20
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.47%
Min EPS beat(2)-10.37%
Max EPS beat(2)15.31%
EPS beat(4)2
Avg EPS beat(4)3.43%
Min EPS beat(4)-10.37%
Max EPS beat(4)15.31%
EPS beat(8)5
Avg EPS beat(8)4.01%
EPS beat(12)9
Avg EPS beat(12)4.17%
EPS beat(16)12
Avg EPS beat(16)4.81%
Revenue beat(2)0
Avg Revenue beat(2)-3.44%
Min Revenue beat(2)-5.05%
Max Revenue beat(2)-1.83%
Revenue beat(4)0
Avg Revenue beat(4)-2.46%
Min Revenue beat(4)-5.05%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4.11%
Revenue beat(12)2
Avg Revenue beat(12)-3.21%
Revenue beat(16)3
Avg Revenue beat(16)-2.61%
PT rev (1m)1.71%
PT rev (3m)-0.51%
EPS NQ rev (1m)-0.17%
EPS NQ rev (3m)-10.45%
EPS NY rev (1m)-4.21%
EPS NY rev (3m)-6.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.66%
Revenue NY rev (1m)-0.46%
Revenue NY rev (3m)-3.67%
Valuation
Industry RankSector Rank
PE 22.59
Fwd PE 20.46
P/S 2.24
P/FCF 23.23
P/OCF 19.57
P/B 3.53
P/tB N/A
EV/EBITDA 17.1
EPS(TTM)2.58
EY4.43%
EPS(NY)2.85
Fwd EY4.89%
FCF(TTM)2.51
FCFY4.31%
OCF(TTM)2.98
OCFY5.11%
SpS26.03
BVpS16.52
TBVpS-9.6
PEG (NY)2.17
PEG (5Y)2.45
Graham Number30.97
Profitability
Industry RankSector Rank
ROA 3.99%
ROE 10.75%
ROCE 7.24%
ROIC 5.06%
ROICexc 5.34%
ROICexgc 22.75%
OM 10.01%
PM (TTM) 6.82%
GM 26.05%
FCFM 9.64%
ROA(3y)7.69%
ROA(5y)8.6%
ROE(3y)22.03%
ROE(5y)27.25%
ROIC(3y)5.56%
ROIC(5y)8.12%
ROICexc(3y)7.22%
ROICexc(5y)10.08%
ROICexgc(3y)26.77%
ROICexgc(5y)32.8%
ROCE(3y)7.94%
ROCE(5y)11.6%
ROICexgc growth 3Y-26.73%
ROICexgc growth 5Y-0.37%
ROICexc growth 3Y-33.6%
ROICexc growth 5Y-7.35%
OM growth 3Y-22.02%
OM growth 5Y-1.52%
PM growth 3Y-26.67%
PM growth 5Y-9.68%
GM growth 3Y-0.94%
GM growth 5Y-2.38%
F-Score4
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 0.82
Debt/FCF 5.65
Debt/EBITDA 3.29
Cap/Depr 30.77%
Cap/Sales 1.8%
Interest Coverage 5.16
Cash Conversion 72.12%
Profit Quality 141.24%
Current Ratio 1.2
Quick Ratio 0.85
Altman-Z 2.53
F-Score4
WACC9.71%
ROIC/WACC0.52
Cap/Depr(3y)54.1%
Cap/Depr(5y)71.4%
Cap/Sales(3y)2.14%
Cap/Sales(5y)1.96%
Profit Quality(3y)100.42%
Profit Quality(5y)90.87%
High Growth Momentum
Growth
EPS 1Y (TTM)-7.86%
EPS 3Y3.46%
EPS 5Y9.22%
EPS Q2Q%-37.04%
EPS Next Y10.4%
EPS Next 2Y12.13%
EPS Next 3Y13.57%
EPS Next 5Y15.99%
Revenue 1Y (TTM)-24.14%
Revenue growth 3Y2.12%
Revenue growth 5Y4.49%
Sales Q2Q%-6.04%
Revenue Next Year0.33%
Revenue Next 2Y2.78%
Revenue Next 3Y3.68%
Revenue Next 5Y6.95%
EBIT growth 1Y-13.55%
EBIT growth 3Y-20.37%
EBIT growth 5Y2.91%
EBIT Next Year26.16%
EBIT Next 3Y15.42%
EBIT Next 5YN/A
FCF growth 1Y475.82%
FCF growth 3Y14.67%
FCF growth 5Y8.72%
OCF growth 1Y181.77%
OCF growth 3Y12.59%
OCF growth 5Y8.02%

CARRIER GLOBAL CORP / CARR Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?

ChartMill assigns a fundamental rating of 3 / 10 to CARR.


Can you provide the valuation status for CARRIER GLOBAL CORP?

ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (CARR). This can be considered as Overvalued.


How profitable is CARRIER GLOBAL CORP (CARR) stock?

CARRIER GLOBAL CORP (CARR) has a profitability rating of 3 / 10.


What is the financial health of CARRIER GLOBAL CORP (CARR) stock?

The financial health rating of CARRIER GLOBAL CORP (CARR) is 3 / 10.


How sustainable is the dividend of CARRIER GLOBAL CORP (CARR) stock?

The dividend rating of CARRIER GLOBAL CORP (CARR) is 4 / 10 and the dividend payout ratio is 52.02%.